HYPE: Hyperliquid TWAP Net Flow by Coin
Included with Plus.
Net TWAP flow (buying minus selling) on Hyperliquid's perpetual markets in each period, for the coins with the most TWAP volume over the last 30 days, and the other coins together.
Why use it. Shows which coins large patient traders are accumulating or unloading through TWAP orders. How to read it. A coin's line above zero means net TWAP buying in it, below zero selling. The coins named are re-chosen as the TWAP volume moves, so older periods may name others. The summary value is the net over all coins.
Calculation. Hyperliquid fills each TWAP order as a series of small slices, which reach its public trade stream with an all-zero transaction hash; in our checks on 7 November 2026 all 2,080 such trades over 25 minutes were TWAP slices, none anything else. Each slice is valued at size x price on its taker side, which is the TWAP's direction, over every perpetual market, and summed per ten-minute bucket; hourly and daily values are the sums of their buckets, published only when every bucket counts (the stream reconnects every few hours and misses about five seconds each time; a bucket missing more than 30 seconds does not count). The open period shows the sum so far as a labelled partial. History starts on 8 November 2026, when our capture of the slices began; no earlier values are reconstructed. Source: our own capture of Hyperliquid's public trade stream, collected by CryptoKeyhole.